New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-31


the basil, Of - s1 aud - IS respectively for long
and short sterling The exports Of cotton continue to DO
unprecedented last week 2l79l9 bales. against
15l6l1 bales in the week Of 1886 and against 1o2955
in the week of 1885 suce September 1 tho exports
have amounted TO 954,47s bales this year. against
6si,ll6 bales in the period OF 1886 and against
go 7j4 In the period OF 1885 There ia smaller export
OF breadsufs at the moment but English and
qure all the surplus wheat tho United States spare
from its crop OF 1887 So after little time the renewal
OF gold imports Ia not improbable event, although the
country needs no prssont addition to its stock
or hftywo railroads which have reported their gross
aggregate OF So 76l 500. gain on the week OF
loss s a' the sTs ns sssas
the htty-twc companies s for Boo me the third week
OF or ss Or In 5 Gs
cent This ia better showing than that made for either
ducon OF official statements. and Ia that respect are
different In CHARACTER from the padior worh-et ana
continued prediction OF falling OF In railroad earnings
Last weeks stock market proved to be an uausually
good trading bulls who possessed the courage
shurht on values by bears On Monday prices were
ratlsi off per cent. and in some distances Tues
DAYS The movement, however, ex Iaustel self bsfore
1880 o'clock Tuesday mornng. and when there was a
BEGAN to aud continued to rise TIL Friday noln
A has been the ease for over four months whenever the
d" bears" situation has become desperate IL has been
q Gould security whch bias turned up their
comforter aud Temporary savior.
VOL. Friday piece or news ~ telegraphed from
NewYork to Philadelphia late Thursday aternoono the
Company would default December and that
the road would 30 into receiver hands, was published
in the Philadelphia papers Philadelphia news and tel
egraphed to New York. The Missouri Kansas and
Texas securities heavily sold both for the short
account and ny real nome Investors Late in the same
nay announcenrnt Was made that the chesapeake and
ohio Company hat passed into the hand. OF receiver
This in itelf was ot no consequence Every ore knew
that the COMPANY was not earning s interest asd that
tho schr'ne FOR refundns its series bonds into per
cents hid not proved successful pul coming AT at par
tcular moment, it added enough TO Missouri.
r hS'a' the S the sdSspacs of sns the closing
prices Friday at their expense, and they took
to mark on large part or the advances which had
been made since tuesday morning Ihs openng"f satuc
day morning, which was steady at tu Sures or better
that the news of Friday had simply checked
tho buying and had not disturbed either speculative ~
stocks The prices were inclined 10 advascc, although
there only two hours OF business before operators
made the market and prices temporarily wero driven
back only before The closing to the best
of or 10 higher figures than the opsnlng; ,. .
This recovery undoubtedly was = disappointment 10
tho bear manpuIaor' and may sonsn nat change the
u yesterday. when prices were at their lowest from
rreud-one who possesses moro ambition to brag Of
his knowledge and OF his nearness TO MS patrons IMAM
Coud's departure TO create impression mat he had
ties incndns western Union that ealing Lake Shore
~ attacked and that tbs movement would
already prepared; that it was expected such
and paslc wonld be preciptsei and tat during
chase all their shorts and wind mp with profit The
this morning tend 10
firm thi, idea And brokers surprised ito-mer
80 .. If t,,s brs fnIbsr of n financial Journal which
,it.s rs hi for natroo,g. nv an an experts" dlges-
,'o ~ tho p.,dnr rrorcnized property Tho co nee
,i, tho e. nc dr,st refsrred 10 and a lead
,my "ne,r" sn.cnI,fsr il established by an already
nuhish.i ouotrttnn concerning he anou
many, urst charges After making the liberal al
erance for the and third preference
under the renrganL.sn scheme tho frat charges or
head OF the stock cannot exceed S9j00O0O. the lex
part 10 the contrary notwithstanding The net earn
tngs of this rear are exceed Sl3oO000O or
500 900 over all char actual An conditional Ike
present price OF the stock carries 20 per cent
as.cssmeuf pld for which the stock holders viii
rec-ly. AT par first preference bonds. At
me nr.,cnt rate 81 earnings these bonds will he cheap AZ
90 INT calculate them aud real prrscnt pr.co
o. lie sooA J., i6aa aud G2 - against 30 Z one year
ago. when the reorganization doubtful Prob en-
and the company Il earning net IL per cent more
Does any one realize GOv mica lover atocSs are no"
than they one year agoi or the dvihsnu PAYERS
the prices lower than on Oconcr so, 1850, as
follows: Canada southern, y; northwestern, ~; T.
Paul Il Omaha g. AID preferred 10; Burlington anu
Quincy Roc. Island. II Delaware. ltcAaw1unt AMI
Western - DsaN aud Hudson. = Last tennessee,
Vry MA AID trsra ir,t preferred, 10: LAKE shore -
Manhattan Elevated. g.; Michigan Central, %; Ms
sour Pacific. 10 Genital ana Hudson. Oregon Rail
way AMI Nav.sltipa 20: -. Paul and Manitoba, -,
and We.'srn UUlon III In the h0n-d'l-
lend PAYERS the declines are proportiona'eIy large
AMI Last year alter THIS tm' prices a1vauoe"
iToh 1" u per ecu 1ot tne -cne a. ','., - zoe ~.
CURED 10 lrl"co tH' H-,il'' ~ >,ti,t,,
ceupcr l. $50 70 l"r p,escn' 'oW ~ "I,
"iSS Wv 80. Lean INC n,.siulsflc su,cuIafor
Az